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Weather is one of the top most influential features in daily commodity futures trading. It is also the most important consideration for food company's making purchasing commitments and farmers to determine hedge positions and planting decisions. World Weather, Inc. has 73 years of combined agricultural world weather forecasting experience and its staff has been supporting the commodity futures trade since 1979. This daily podcast will provide insight to the day's most important weather issues influencing world market trading. It is designed to discuss all of the most important weather-related issues of the day and will help explain how those weather issues will influence production and help the listener make better business decisions whether in the commodity futures market or out of it.
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Friday May 12, 2023
Morning Market Weather Update For May 12, 2023
Friday May 12, 2023
Friday May 12, 2023
WORLD WEATHER HIGHLIGHTS FOR MAY 12, 2023
- Somewhat greater rain was advertised in North Africa during the week next week and into the following weekend, although some of that moisture is coming a little late to seriously change wheat and barley production
- Abundant rain will continue to impact south-central Europe during the coming week as well
- Argentina is advertised a little wetter beginning late next week and continuing through the following weekend and the moisture may be good for winter wheat planting
- Brazil’s center south and center west crop areas will be dry through the next ten days which is not unusual at this time of year, although the ground is firming up
- Rain will fall in Rio Grande do Sul and Paraguay late next week and into the following weekend bolstering soil moisture once again
- The ECMWF model is promoting rain in West Texas from Saturday through Tuesday of next week with significant amounts expected
- The GFS is less wet, but planting moisture will be substantially improved for corn, sorghum and cotton
- Beneficial moisture has already brought notable relief to dryness in southwestern Nebraska, northwestern Kansas and northeastern Colorado and it is now raining favorably in the western Dakotas, eastern Montana and southeastern Saskatchewan where a notable boost in precipitation is also expected
- U.S. Midwest, Delta and southeastern states will see a favorable mix of moisture
- Recent rain in Alberta, Canada has brought on pockets of relief and more rain is needed, but not likely for a while
- Canada’s Prairies will be dry and unusually warm to hot after rain ends in the southeast Saturday for most of the following week
- Ontario and Quebec are warming up beneficially for corn and soybean planting
- India, China, Australia and South Africa weather has not changed much from that suggested Thursday
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